Campbell's shares choppy on unchanged annual forecasts

Campbells Co

09/12/2025 13:19

** Shares of packaged food company Campbell's Co CPB.O marginally down at $30 in volatile premarket trading

** Maintains its annual sales and profit forecasts

** Expects fiscal 2026 adjusted earnings per share to decline up to 18% to between $2.40 and $2.55

** Forecasts annual net sales in the range of flat to decline of 2%
** However, CPB beats first-quarter sales estimates on steady demand as consumers increasingly opt to eat at home

** Posts quarterly sales of $2.68 billion vs analysts' estimates of $2.66 billion, according to data compiled by LSEG

** Separately, CPB to buy 49% of Rao's sauce maker La Regina SPA for $286 million, with transaction expected to close in the second half of fiscal 2026
** Up to last close, CPB down about 28% YTD

 (Reporting by Anuja Bharat Mistry in Bengaluru)

 ((AnujaBharat.Mistry@thomsonreuters.com))